Blog Post

This blog post is updated with the GST Council’s decision to extend the return due dates

The 17th GST Council meeting held on 18th June, 2017, provided a much needed relief to the businesses across the nation. Listening to the concerns raised by the various trade and industrial bodies, and to ensure the smooth roll out of GST, the council decided to extend the timeline for invoice-wise return filing in Form GSTR-1 and Form GSTR-2 for the first six months (Revised). For the first 6 months – July’17 to December’17, businesses need to file a simple return in Form GSTR-3B by declaring the summary of inward supplies and outward supplies. However, the invoice-wise details in Form GSTR-1, Form GSTR-2 and GSTR-3 are required to file as per notified dates.

Revised Return Timelines for July

Month

GSTR-3B

GSTR-1

GSTR-2

GSTR-3

July, 2017

25th August, 2017

10th October, 2017

31st October, 2017

10th November, 2017

For the month of August 2017, the last date for filing GSTR-3B is 20th September, 2017.

The revised return dates will provide an additional 25 days’ time for businesses to equip and settle with the various requirements of new indirect tax system. In addition to the above, no late fees and penalty would be levied for slippage in return filing for the interim period.

Form GSTR-3B will be the first return which businesses will be filing under GST. In this blog, let us understand how to fill Form GSTR-3B.

If you are using Tally.ERP 9 Release 6, you can skip the rest of this blog post. Our new release to support Form GSTR-3B is available now – Download. Alternatively, click the Version and Updates section in the Information Panel of Tally.ERP 9.

Form GSTR-3B consists of 6 Tables. You need to capture the consolidated details of outward supplies, inward supplies, eligible ITC, and the details of tax payment. Let us discuss this in detail:

In the above table (3.1), you need to capture the total taxable value (both intrastate and interstate) of the following Nature of Supplies along with the total tax (IGST, CGST, SGST/UTGST) as applicable:

From the outward supplies details declared in table 3.1, discussed in point No. 1, you need give a break-up of the interstate outward supplies made to Unregistered Persons, Composition Dealers and UIN Holders. These details needs to be captured State-wise/ Union-Territory-wise total with taxable value and total IGST levied on these supplies.

3. Details of eligible Input Tax Credit

In the above table, you need to capture the details of ITC availability, ITC to be reversed, and arrive at the Net ITC available. The following are the details you need to capture:

1.ITC Available (Whether in Full or Part)You need to give the break-up of inward supplies on which the ITC was availed. The following are the details you need to capture:

Import of Goods: Tax credit of IGST paid on import of goods.

Import of Service: Tax credit of IGST paid on import of services.

Inward supplies liable to reverse charge: You need to capture the ITC of GST paid on inward supplies liable for reverse charge such as, sponsorship services, purchase from URD, and so on, other than import of goods or services. To know more, read inward supplies liable to reverse charge

Inward Supplies from ISD: Input tax credit received from Input Service Distributor (ISD). Read our blog post on ISD for more details.

All other ITC: Apart from above, ITC of other inward supplies has to be captured here.2. Details of Input Tax credit to be reversed: Under this table, you need to capture the ITC reversible on usage of inputs/input services/capital goods used for non-business purpose, or partly used for exempt supplies. Also, if the depreciation is claimed on tax component of capital goods, and plant & machinery, then the ITC will not be allowed. Such reversal needs to be captured in this table. To know more, read ITC on inputs/input services used for non-business purpose or exempt supplies

The ITC available as reported in Table 4(a) needs to be reduced by the amount of ITC to be revered as reported in above table. The balance will be your eligible ITC.

3 .Details of Ineligible ITC: GST paid on inward supplies listed in negative list will not be eligible as input tax credit. The details of GST paid on such supplies needs to be recorded in this table. To know more, see the list of supplies ineligible for ITC.

4. Details of exempt, nil-rated and non-GST inward supplies

You need to capture the details of inward supplies made from the composition dealer, inward supplies at nil rate and exempt. Also, you need to separately mention Non-GST inward supplies. The value of above discussed supplies need to be captured separately for interstate and intrastate supplies.

5. Payment of tax

In the above table (6.1), you need to declare the self-ascertained tax payable. This is based on the details of outward supplies and inwards supplies liable to be paid on reverse charge captured in Table No. 3.1. The tax-wise break-up of payment tax by way of utilization of ITC and cash deposit needs to be provided.

6. TDS/TCS Credit

In the above table, you need to capture the details of TDS (Tax withheld by the Government establishment) and TCS (Tax withheld by E-commerce operator). However, these provisions are deferred from initial rollout of GST. Accordingly, TDS and TCS is not applicable till it is notified further.

The Value of Taxable Supplies refers to Net Taxable value and formula to calculate is given below:

Taxable value = Value of invoices + value of Debit Notes – value of credit notes + value of advances received for which invoices have not been issued in the same month – value of advances adjusted against invoices.

In table no.3.1, you need to capture the tax liability of inward Supplies liable to be paid on reverse charge basis. In Table, 4A(3),the details of eligible ITC of GST paid on inward supplies liable for reverse charge needs to be captured.

I have seen statics transaction their are in credit note vouchers are total 2 and 1 in included and 1 in excluded.Then my problem is that excluded is not showing any voucher when open it. then how to convert exclude voucher into included

All the Regular Dealer liable to File Form GSTR-3, are required to file Form GSTR-3B. If business activities related to outward supplies and inward supplies are not carried out during the period, you are required to file NIL return in GST portal

Sir, where should I show outward supplies liable to reverse charge in GSTR 3B. For example, Advocate providing services to business entity, where, the tax will be payable by the business entity under reverse charge. Where to show such supplies in Advocate’s GSTR 3B? Thanks…

No, you need to declare the consolidated rate wise outward supplies with total taxable value and amount of tax. In case of inter-state outward supplies to unregistered dealer where the invoice value is more than Rs 2.5 lakh, you need to declare invoice-wise details.

All the branches companies having same GSTIN, need to file consolidated GSTR-3B. Since it is summary level return, you can arrive the aggregate of outward and inward supplies all the branches and furnish as required in the relevant table in GST portal.

Yes, we have supported in our latest release Tally.ERP 9 Release 6.0.3. To download the latest release, click here. Alternatively, click the Version and Updates section in the Information Panel of Tally.ERP 9

Hello, I have a startup company and we are yet to start our operations since our website is currently under development. For July 2017 we don’t have any transaction so can you please tell me how to file my GST for July 2017 and which form to fill in GSTN portal as i have read for Jul and Aug filing GSTR 3B form need to be filled. Kindly suggest and help.﻿

Yes, you need submit the return by 20th August,2017. If you wish to claim transitional ITC in discharging the July months liabilities, you can file by Form GSTR-3B by 28th August,2017. For more details, please read GSTR-3B Due Date – 20th or 28th August?

Failure to furnish return and payment, late fee and interest will be levied.

We have paid lorry freight for transport. bt the transport service agency does not registered under GST. How to we entered tally for the same. and also its a payable service so it has been reverse charge. How to i entered the same in tally. Kindly answer my Question

I have a licence that I renewed on 4th July 2017.Tally’s invoice is not showing my GST no. due to which I am unable to claim ITC. I have sent several emails requesting revised invoice, but I have not received any email. Please help.

Dear Team,We are selling online via our own website. We are collecting shipping charges extra. We do pay the shipping charges to courier company. So where we need to show? Assume courier company bill is 5000 and we collected 2000 from customers, then how to show the 3000.

It will be treated as expenses. You can record a Journal voucher to book the shipping expenses payable to courier company. To know more, you can reach our care team – Toll-Free 1800 200 8859 or write to support@tallysolutions.com

The GST-ready Tally.ERP 9 Release 6 will have a special release to support Form GSTR 3B. This release is planned in the first week of August 2017. For more details, please read our blog on Managing Form GSTR 3B in GST-Ready Tally.ERP 9 Release 6 using the link http://blogs.tallysolutions.com/gstr-3b-in-gst-ready-tally-erp9/

The GST-ready Tally.ERP 9 Release 6 will have a special release to support Form GSTR 3B. This release is planned in the first week of August 2017. For more details, please read our blog on Managing Form GSTR 3B in GST-Ready Tally.ERP 9 Release 6 using the link http://blogs.tallysolutions.com/gstr-3b-in-gst-ready-tally-erp9/

We have supported Form GSTR-3B in our latest release Tally.ERP 9 Release 6.0.3. To download the latest release, please use the link https://tallysolutions.com/download/ . Alternatively, click the Version and Updates section in the Information Panel of Tally.ERP 9.

We have supported Form GSTR-3B in our latest release Tally.ERP 9 Release 6.0.3. To download the latest release, please use the link https://tallysolutions.com/download/ . Alternatively, click the Version and Updates section in the Information Panel of Tally.ERP 9.

The details of advances received are not required to be shown separately and it needs to be adjusted with Total taxable value of outward supplies.The formula to calculate the total taxable value is “Value of Taxable Supplies = Value of invoices + value of Debit Notes – value of credit notes + value of advances received for which invoices have not been issued in the same month – value of advances adjusted against invoices”

We have supported Form GSTR-3B in our latest release Tally.ERP 9 Release 6.0.3. To download the latest release, please use the link https://tallysolutions.com/download/ . Alternatively, click the Version and Updates section in the Information Panel of Tally.ERP 9.